Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Customs - Highlights / Catch Notes

Home Highlights August 2024 Year 2024 This

Notification amends notification No. 50/2017-Customs to ...


Lab chemicals (excl. undenatured ethyl alcohol) under HS 9802 attract 10% customs duty if used for lab/R&D & not sold. Misuse attracts full duty.

August 1, 2024

Notifications     Customs

Notification amends notification No. 50/2017-Customs to prescribe conditional 10% basic customs duty rate on laboratory chemicals (excluding undenatured ethyl alcohol) under HS 9802 00 00 for specified laboratory or research and development use. Importer must submit undertaking not to sell or trade imported goods, failing which duty becomes payable on quantity misused.

View Source

 


 

You may also like:

  1. The CBIC clarified: Extruded/expanded savoury snacks under HS 1905 90 30 attract 12% GST prospectively from 10.10.2024, earlier 18% payable. Roof Mounted Package Unit...

  2. This circular clarifies GST rates and classification for certain goods based on recommendations of the GST Council's 54th meeting. Key points: Extruded/expanded savoury...

  3. Notification No. 24/2024-Customs issued to amend specified customs tariff notifications to exempt applicable import duty on imports of desi chana (HS 0713 20 20) up to...

  4. Notification extends exemption condition for imports of Yellow Peas (HS 0713 10 10) to bill of lading issued until 31.12.2024. Imposes 20% export duty on Onions (HS 0703...

  5. Classification of imported goods - Drones - Tello drones with or without camera would merit classification under heading 9503 of the first schedule to the Customs Tariff...

  6. Classification criteria for laboratory chemicals under customs heading 9802: Imported solely for own use, not trading or resale, in packings up to 500g/500ml,...

  7. Reversal of CENVAT Credit - in respect of clearance of Rectified Spirit, Un-denatured Ethyl Alcohol and Ethyl Natural Alcohol, there was not even need to pay 8% or 10%...

  8. The Central Government has extended the exemption period for imports of Yellow Peas (HS 0713 10 10) from applicable Basic Customs Duty and Agriculture Infrastructure...

  9. Customs broker's license suspension case involving violations of Regulations 10(d) and 10(e) of Customs Brokers Licensing Regulations (CBLR), 2018. Gross mis-declaration...

  10. This notification amends Note 3 of Chapter 98 in the First Schedule of the Customs Tariff Act, 1975. It redefines the term "laboratory chemicals" for the purpose of...

  11. The case pertains to the classification of 'BAYLAN' branded water meters for customs duty purposes. The key points are: The water meters were initially classified under...

  12. A legal challenge was raised regarding the requirement to pay the Social Welfare Surcharge (SWS) on imported goods when the basic customs and additional duty were...

  13. CESTAT ruled on classification dispute regarding Light Green Float Glass imports. The appellant sought classification under CTI 7005 10 10 of Customs Tariff Act, 1975,...

  14. The appellant's customs broker (CB) license revocation, penalty imposition, and security deposit forfeiture were challenged for alleged violations of Regulations 10(a),...

  15. Customs broker filed shipping bills with incorrect classification intentionally to obtain higher MEIS benefits, violating Regulations 10(d) and 10(e) of CBLR 2018. Held:...

 

Quick Updates:Latest Updates